Latin American producers aim to stem the tide
Is the fragile market cracking under pressure? Despite some ambitious growth-oriented investments, some of the continent's traditional big guns will be facing challenges in 2019
Despite rising crude prices in 2018, many Latin American countries are still grappling with considerable debt and declining production rates. However, recent discoveries and licensing rounds have attracted a strong uptick in foreign investment, which could be the region's key to economic resurgence. Due to high inflation and declining production, Argentina is putting forth an effort to counteract the deterioration of its E&P sector. Since its 2001 default, caused by a severe economic recession, Argentina has worked to escape its financial crisis. The country, home to abundant shale reserves, has gone from a chief net exporter to a net importer of gas in recent years. To keep its energy i
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